Read more
8:08 AM · 8 July 2021

Chart of the day: OIL.WTI (08.07.2021)

-
-
Open account Download free app

Oil prices remain under strong selling pressure in recent days, which is caused by the lack of the OPEC + agreement, as well as information about a possible increase in production by the UAE. Elevated volatility may persist later in the session, as data on US crude oil inventories will be released at 3:30 BST.

From a technical point of view, buyers were unable to break above the $ 77 level and price pullback sharply. However, declines stopped near the support zone at $ 71.50 which is marked with the lower limit of the 1:1 structure and the 38.2% Fibonacci retracement of the last upward wave which started on May 21. As long as the price sits above this level, one should expect the price to continue to rise. However, should a break lower occur, then downward move may accelerate.

OIL.WTI, interval H4. Source: xStation5

5 March 2026, 6:59 AM

Morning wrap (05.03.2026)

4 March 2026, 6:21 PM

Daily Summary – Indices rebound as oil markets await further developments

4 March 2026, 4:24 PM

Iran: Situation overview and outlook

4 March 2026, 3:40 PM

BREAKING: Another strong increase of oil inventories. Oil WTI close to 74

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits